Apna Sahakari Bank Mapusa North Goa Goa MICR CODE

Find MICR Codes for Apna Sahakari Bank Mapusa North Goa Goa

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MICR Code
Bank Apna Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mapusa
Contact
Bank Details Apna Sahakari Bank Ltd Mapusa ASBL0000054
Location Mapusa, North Goa
City Mapusa
District North Goa
State Goa
Pincode 403507
Country IN
Address Kandalkal building,angod, near jama masjid, chalta no 129 of p t sheet no 147, mapusa, goa 403507
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 403098002 for Mapusa branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 403098002 of Apna Bank, Mapusa branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Mapusa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Apna Sahakari Bank Ltd are available with micr code -

>>Mapusa

MICR code for Apna Sahakari Bank Mapusa

Apna Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Apna Bank MICR code for Mapusa is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 403098002 is the MICR code of Apna Sahakari Bank for Mapusa branch. MICR code for Mapusa branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Apna Bank Mapusa is presented in the table alongside.

Use of Apna Bank MICR code for Mapusa branch in mapusa

The MICR code 403098002 is used in RBI cheque clearing process to identify the branch Mapusa and Apna Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Apna Sahakari Bank is typically in either of these two font’s: E-138 and CMC-7.

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